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PEPPERFRY REVENUE DROP
IIT placements gain steam; SoftBank's Vision Fund layoffsRecruiters flock to IITs as placement season kicks off. This and more in today's ETtech Top 5.- Pepperfry's revenue drops 31% in FY24; losses narrow by 37%The furniture and home goods company’s total expenses fell to Rs 326.7 crore from Rs 474 crore in FY23. Advertising and promotional costs n...
- Top startup and tech stories this weekETtech Unwrapped is packed with the most important stories that we covered this week. Here’s a quick recap.
- Pepperfry FY23 report card; Microsoft’s Ahmed Mazhari on India’s role in AI adoptionOmnichannel furniture retailer Pepperfry narrowed losses slightly to Rs 187.6 crore in FY23 from a year ago while operating revenue grew mo...
- Data Protection Act: A ‘mind-what-you ask-for’ moment for startups & other top tech storiesPerhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passag...
- Pepperfry to file draft IPO papers next quarter; FY22 revenue surpasses pre-covid levelsPepperfry has appointed investment banks JP Morgan and ICICI Bank to lead the IPO effort.
- Govt raises incentive for chip makers; Foxconn chief to meet PM Modi in NovNine months after the government announced an incentive scheme to encourage semiconductor and display manufacturers to build plants in Indi...
- Wipro sacks 300 for moonlighting; Pepperfry eyes 2023 IPOOn August 22, Wipro’s executive chairman Rishad Premji kicked off the ongoing controversy over moonlighting – taking up more than one job a...
- When startup founders lose the plotToday on Unwrapped we look back at a few startup founders whose words and actions came back to haunt them — Ashneer Grover of BharatPe, Vis...
- Pepperfry eyes $250-300 million IPO filing this year: CEO Ambareesh MurtyPepperfry, which reported a 10% drop in revenue in FY21 due to the Covid-19 pandemic, has seen good recovery in sales and is expected to cl...
- Exclusive: Thrasio’s $500M India bet; Pepperfry assembling IPOThrasio, which pioneered the house of brands model of ecommerce, plans to invest $500 million in India, and that’s just for starters. Peppe...
- Urban Ladder narrows losses, revenue doublesExpenses for the year also halved to Rs 232.73 crore, as the company slashed costs across the board. Under other expenses, it reported Rs 1...
- Urban Ladder wants to raise $40 million, will use funds to expand offline presenceThe company now wants to raise $35-40 million to expand its offline presence, adding stores in Mumbai, Chennai and Pune by January.
- Step up for Urban Ladder as revenues climb 22%The company, which started out as a marketplace in 2012, recently transitioned into a furniture brand by procuring a single-brand retail tr...
- Revenues vs investments -- how moolah moves in Indian startupsOver the last five years, consumer internet companies have grabbed most of the dollars but it’s the workhorse business-to business startups...
- Biyani sees no future in speciality retail formatsThe move is expected to affect 180-200 of the about 1,200 outlets that the nation’s largest retailer runs across supermarket.
- Why Alibaba's Jack Ma and Paytm's Vijay Shekhar Sharma are best friends nowAlibaba is now working closely with Noida-based Paytm in helping the latter build scale, fraud detection systems and fulfillment systems.
- Flipkart set to boost its GMV to Rs 76,000 crore in 9 months to a yearIndia’s most valuable online marketplace is adding high-margin categories such as furniture, homes and travel booking and sharpening its st...
- Why e-Bay India is missing in e-commerce conversation despite coming before Flipkart, Amazon & SnapdealWe are the largest marketplace (by number of sellers), but we are not in valuations game. Hence, we don’t get talked about that much, says ...
- How Citrus is solving your digital payment angstCitrus has moved away from business as usual in the digital payments space with its innovative solutions in the payment gateway business.
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